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CHEF Financials Chefs' Warehouse, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 30.1% per year over the past 5 years.
  • Operating margin has expanded, at 3.5% in the latest year.
  • Free cash flow has grown 19.6% per year over the past 5 years.

Financial health

  • Total debt ($651M) exceeds cash ($121M); net debt is $530M.
  • Total debt has grown slower than revenue (10.5% vs 30.1% per year).
  • Operating income covered interest expense 3.5× in the latest year.
  • Total debt is 3.3× EBITDA.
Revenue & net income
-$83M $2B $4B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-9% 8% 25% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-24% 6% 37% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$59M $22M $104M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $357M $713M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$232M $11M $253M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $4.1B $72M 24.2% 3.5% 12.0% 3.6% $88M $651M $121M
2024 $3.8B $55M 24.1% 3.4% 10.3% 3.0% $104M $673M $115M
2023 $3.4B $35M 23.7% 2.9% 7.6% 2.0% $4M $713M $50M
2022 $2.6B $28M 23.7% 3.3% 6.9% 1.8% -$23M $675M $159M
2021 $1.7B -$5M 22.4% 0.6% -1.4% -0.5% -$59M $393M $115M
2020 $1.1B -$83M 22.3% -9.2% -24.1% -8.5% $36M $396M $193M
2019 $1.6B $24M 24.3% 3.2% 7.2% 2.4% $29M $392M $140M
2018 $1.4B $20M 24.2% 3.4% 6.6% 2.8% $25M $278M $42M
2017 $1.3B $14M 25.3% 3.2% 5.8% 2.1% $19M $318M $42M
2016 $1.2B $3M 25.3% 4.0% 1.6% 0.5% $22M $333M $33M
2015 $16M 8.6% 2.8% $16M $274M $2M
2014 $14M 9.7% 3.8% -$14M $144M $3M
2013 $17M 12.9% 4.8% -$1M $148M $20M
2012 $15M 36.9% 6.9% $5M $125M $118000
2011 $8M 32.7% 7.1% $15M $46M $2M

Valuation over time

How the market has priced CHEF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 32.5 65.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.6 1.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is CHEF growing its revenue and profit?

Over the past 5 years, Chefs' Warehouse, Inc.'s revenue has grown 30.1% per year. These are computed facts, not advice.

How much debt does CHEF have?

As of FY2025, Chefs' Warehouse, Inc. reported $651M of total debt against $121M of cash; operating income covered interest expense 3.5×.

What is CHEF's profit margin?

In FY2025, gross margin was 24.2%, operating margin 3.5%, and net margin 1.7%.

What is CHEF's P/E ratio?

As of Sep '26, Chefs' Warehouse, Inc. traded at a price-to-earnings ratio of about 64.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.